Universal Health Fellowship Inc
- Assets
- $5.2m
- Revenue
- $22.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Alpharetta, GA
- Founding
- Data as of
- 12/2022
- EIN
- 84-3403580
Organization Overview
Universal Health Fellowship Inc, operating under the name Universal Healthshare, is located in Alpharetta, GA. Universal Healthshare is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Universal Healthshare generated $22.3m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 38.5% each year . All expenses for the organization totaled $21.2m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
HEALTHCARE COST SHARING PROGRAMS UNDER IRC 5000A(D)(2)(B)(II) I, II, III, & V, AFFORDABLE CARE ACT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IDENTIFICATION OF MEMBERS WHO HAVE MEDICAL EXPENSE NEEDS, AND MEDICAL COST SHARING DISBURSEMENTS. IDENTIFICATION ACTIVITIES INCLUDE ACTIVELY IDENTIFYING LOWER COST MEDICAL PROVIDERS, AND RECRUITING THEM TO BECOME IN-NETWORK PROVIDERS, ACTIVELY HELPING MEMBERS OF UNIVERSAL HEALTH FELLOWSHIP ENGAGE THESE PREFERRED MEDICAL PROVIDERS, AND PROVIDING A WELLNESS CENTER FOR THE DELIVERY OF MEDICAL SERVICES.TO DATE:- 34,656 NEEDS REQUESTS HAVE BEEN PROCESSED,- 700,000 PROVIDERS HAVE BEEN MADE AVAILABLE TO MEMBERS IN NEED THRU THE MULTIPLAN/PHCS PRACTITIONER & ANCILLARY NETWORK, AND - $21 MILLION IN TOTAL SAVINGS TO MEMBER HOUSEHOLDS.
MANAGEMENT OF UNIVERSAL HEALTH FELLOWSHIP'S HEALTH CARE SHARING AND OTHER PROGRAMS INCLUDING: (I) ADMINISTRATION, SUPPORT, AND PROMOTION OF UHF'S PROGRAMS; (II) ENGAGEMENT AND OVERSIGHT OF VENDORS THAT PROVIDE PRODUCTS OR SERVICES IN CONNECTION WITH UHF'S PROGRAMS; (III) PROCESSING OF MEMBERSHIP APPLICATIONS, ENROLLMENTS, FULFILLMENT AND CANCELLATIONS.
NON-TAX DEDUCTIBLE UNIVERSAL HEALTH FELLOWSHIP MEMBER CONTRIBUTIONS TO BE SHARED WITH OTHER MEMBERS WHO NEED HELP PAYING THEIR MEDICAL EXPENSES, AND COLLECTION COSTS. INDIVIDUAL "VIRTUAL WALLETS" UHF'S VIRTUAL WALLET PROGRAM, HOLD MEMBER CONTRIBUTIONS, AND TRACK THE SHARING ACTIVITIES FOR EACH PARTICULAR MEMBER.TO DATE:- OVER 28,000 MEMBER HOUSEHOLDS ARE ACTIVELY PARTICIPATING IN THE VIRTUAL WALLET PROGRAM
CONSIERGE SERVICE PROGRAMS INCLUDING CAREGIVER SUPPORT AND ASSIST MEMBERS IN FINDING FINANCIAL AID, GRANTS, AND OTHER SUPPORT FROM NON-UNIVERSAL HEALTH FELLOWSHIP SOURCES.TO DATE:- 9 HEALTHCARE SHARING PROGRAMS ARE OFFERED IN 35 STATES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James E Delaney Chair | OfficerTrustee | 40 | $0 |
Reed Dameron Director | Trustee | 1 | $0 |
William Green Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $22,342,314 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $22,342,314 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $51,727 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,000 |
| Advertising and promotion | $0 |
| Office expenses | $3,678 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $21,192,354 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $167,211 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,004,160 |
| Total assets | $5,171,371 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $5,171,371 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $5,171,371 |